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Best Gold Stocks to Buy Now (2024)
Top gold stocks in 2024 ranked by overall Zen Score. See the best gold stocks to buy now, according to analyst forecasts for the gold industry.

Industry: Gold
OverviewZen ScorePriceValuationFinancials
ForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
GFI
GOLD FIELDS LTD
$14.71B16.20%9.00%18.32%16.40%0.811.1539.00%15.60%27.36%
AEM
AGNICO EAGLE MINES LTD
$33.93B2.40%1.60%3.76%4.10%0.472.2155.90%6.80%15.05%
RGLD
ROYAL GOLD INC
$8.24B7.80%6.60%9.36%8.70%0.132.5083.90%38.10%51.84%
AU
ANGLOGOLD ASHANTI (PTY) LTD
$10.06B7.30%3.70%6.52%5.80%0.962.5025.20%6.60%10.44%
GOLD
BARRICK GOLD CORP
$29.90B6.20%3.20%5.54%6.00%0.583.3231.10%12.60%21.04%
KGC
KINROSS GOLD CORP
$9.25B7.10%4.10%9.54%7.50%0.701.1527.90%9.90%19.46%
EGO
ELDORADO GOLD CORP
$3.06B3.40%2.40%4.24%4.30%0.413.5028.30%11.50%19.65%
AGI
ALAMOS GOLD INC
$6.22B7.00%5.20%7.83%8.50%0.362.7937.50%19.40%28.43%
IDR
IDAHO STRATEGIC RESOURCES INC
$119.38M18.10%13.30%12.38%14.90%0.204.0836.60%20.20%20.50%
CMCL
CALEDONIA MINING CORP PLC
$197.45M-1.70%-1.30%4.04%4.00%0.271.3528.40%-2.90%7.95%
WPM
WHEATON PRECIOUS METALS CORP
$25.27B7.80%7.80%7.77%8.90%0.0121.7656.40%52.90%53.60%
TRX
TRX GOLD CORP
$125.10M7.10%4.40%14.32%17.00%0.440.9341.70%10.60%28.25%
ORLA
ORLA MINING LTD
$1.24B-6.30%-4.50%3.83%3.40%0.345.0760.60%-11.60%8.32%
PZG
PARAMOUNT GOLD NEVADA CORP
$27.74M-16.20%-12.20%-10.99%-12.10%0.512.21N/AN/AN/A
OR
OSISKO GOLD ROYALTIES LTD
$3.00B-3.20%-2.60%-1.11%-1.00%0.174.9672.30%-21.80%-8.67%
SAND
SANDSTORM GOLD LTD
$1.70B1.50%1.10%4.74%3.10%0.320.0846.80%12.20%38.50%
NEM
NEWMONT CORP
$49.40B-11.10%-5.70%-3.67%-4.10%0.912.1544.30%-20.30%-13.92%
ARMN
ARIS MINING CORP
$594.30M2.00%0.90%7.22%6.70%1.172.1531.50%2.60%19.65%
EQX
EQUINOX GOLD CORP
$1.74B-1.30%-0.70%1.02%0.80%0.781.179.70%-2.90%3.44%
FNV
FRANCO NEVADA CORP
$24.50B-7.60%-7.40%-6.22%-7.30%0.0429.4062.90%-39.90%-31.14%
FSM
FORTUNA SILVER MINES INC
$1.59B-2.20%-1.40%2.13%1.80%0.501.2724.60%-3.20%4.06%
IAG
IAMGOLD CORP
$1.91B6.20%3.00%4.13%3.70%1.060.9117.00%12.50%14.90%
AUST
AUSTIN GOLD CORP
$12.93M-35.80%-34.70%-39.16%-42.60%0.0613.06N/AN/AN/A
PAAS
PAN AMERICAN SILVER CORP
$7.49B-3.40%-2.10%0.19%0.20%0.512.1111.50%-6.40%0.49%
ODV
OSISKO DEVELOPMENT CORP
$157.31M-25.50%-19.20%-25.08%-22.60%0.360.830.30%-556.20%-576.94%
THM
INTERNATIONAL TOWER HILL MINES LTD
$134.99M-5.80%-5.80%-5.95%-6.10%0.008.48N/AN/AN/A
CGAU
CENTERRA GOLD INC
$1.42B-4.80%-3.70%1.46%1.90%0.363.2524.10%-7.40%2.65%
SSRM
SSR MINING INC
$1.09B-12.10%-7.50%-10.29%-9.80%0.433.0745.60%-30.90%-37.56%
BTG
B2GOLD CORP
$3.62B-0.90%-0.70%5.44%6.20%0.362.9939.00%-1.90%14.04%
GAU
GALIANO GOLD INC
$433.86M6.20%4.80%4.97%10.60%0.952.4914.70%40.50%58.61%
GLDG
GOLDMINING INC
$151.55M-20.60%-19.30%-17.35%-20.20%0.045.63N/AN/AN/A
CDE
COEUR MINING INC
$2.19B-10.60%-5.20%-1.80%-1.50%1.081.0013.80%-12.80%-3.90%
IAUX
I-80 GOLD CORP
$358.20M-15.70%-9.10%-6.20%-5.20%0.700.65-9.40%-118.70%-74.82%
HYMC
HYCROFT MINING HOLDING CORP
$81.65M-371.60%-31.40%-25.73%-19.10%-25.3910.89N/AN/AN/A
NGD
NEW GOLD INC
$1.36B-9.20%-3.40%-2.77%-2.50%2.071.5112.30%-9.80%-7.30%
DC
DAKOTA GOLD CORP
$229.78M-37.60%-36.30%-36.32%-46.80%0.055.85N/AN/AN/A
NG
NOVAGOLD RESOURCES INC
$979.71MN/A-34.30%-26.13%-22.30%-8.8765.41N/AN/AN/A
NFGC
NEW FOUND GOLD CORP
$681.96M-123.80%-99.20%-113.18%-448.10%0.233.92N/AN/AN/A
GORO
GOLD RESOURCE CORP
$44.40M-19.20%-10.20%-15.53%-16.20%0.972.13-13.40%-22.30%-31.09%
VGZ
VISTA GOLD CORP
$61.24M-97.00%-56.30%-40.16%-292.80%2.7110.59N/AN/AN/A
CTGO
CONTANGO ORE INC
$180.82MN/A-150.90%-122.33%-105.80%-5.031.29N/AN/AN/A
USAU
US GOLD CORP
$41.90M-40.70%-31.40%-36.17%-486.70%0.2910.50N/AN/AN/A
SBSW
SIBANYE STILLWATER LTD
$3.57B-55.20%-24.40%N/A-23.60%1.87N/A12.20%-33.20%-32.45%
SA
SEABRIDGE GOLD INC
$1.32B-3.90%-2.30%-2.59%-2.20%0.852.38N/AN/AN/A
SLSR
SOLARIS RESOURCES INC
$579.13MN/AN/AN/AN/A7.214.31N/AN/AN/A
1

Gold Stocks FAQ

What are the best gold stocks to buy right now in May 2024?

According to Zen Score, the 3 best gold mining stocks to buy right now are:

1. Gold Fields (NYSE:GFI)


Gold Fields (NYSE:GFI) is the top gold stock with a Zen Score of 51, which is 29 points higher than the gold industry average of 22. It passed 19 out of 38 due diligence checks and has strong fundamentals. Gold Fields has seen its stock lose -1.14% over the past year, overperforming other gold stocks by 9 percentage points.

Gold Fields has an average 1 year price target of $13.50, a downside of -17.98% from Gold Fields's current stock price of $16.46.

Gold Fields stock has a consensus Sell recommendation according to Wall Street analysts. Of the 2 analysts covering Gold Fields, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 50% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Agnico Eagle Mines (NYSE:AEM)


Agnico Eagle Mines (NYSE:AEM) is the second best gold stock with a Zen Score of 44, which is 22 points higher than the gold industry average of 22. It passed 16 out of 38 due diligence checks and has strong fundamentals. Agnico Eagle Mines has seen its stock return 13.59% over the past year, overperforming other gold stocks by 24 percentage points.

Agnico Eagle Mines has an average 1 year price target of $67.00, a downside of -1.62% from Agnico Eagle Mines's current stock price of $68.10.

Agnico Eagle Mines stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Agnico Eagle Mines, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Royal Gold (NASDAQ:RGLD)


Royal Gold (NASDAQ:RGLD) is the third best gold stock with a Zen Score of 43, which is 21 points higher than the gold industry average of 22. It passed 15 out of 38 due diligence checks and has strong fundamentals. Royal Gold has seen its stock lose -11.03% over the past year, underperforming other gold stocks by -1 percentage points.

Royal Gold has an average 1 year price target of $138.50, an upside of 10.47% from Royal Gold's current stock price of $125.37.

Royal Gold stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Royal Gold, 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the gold stocks with highest dividends?

Out of 14 gold stocks that have issued dividends in the past year, the 3 gold stocks with the highest dividend yields are:

1. Caledonia Mining (NYSEMKT:CMCL)


Caledonia Mining (NYSEMKT:CMCL) has an annual dividend yield of 5.44%, which is 3 percentage points higher than the gold industry average of 2.03%. Caledonia Mining's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Caledonia Mining's dividend has shown consistent growth over the last 10 years.

Caledonia Mining's dividend payout ratio of -233.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Newmont (NYSE:NEM)


Newmont (NYSE:NEM) has an annual dividend yield of 3.38%, which is 1 percentage points higher than the gold industry average of 2.03%. Newmont's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Newmont's dividend has shown consistent growth over the last 10 years.

Newmont's dividend payout ratio of -44.3% indicates that its dividend yield might not be sustainable for the long-term.

3. Gold Fields (NYSE:GFI)


Gold Fields (NYSE:GFI) has an annual dividend yield of 2.37%, which is the same as the gold industry average of 2.03%. Gold Fields's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Gold Fields's dividend has shown consistent growth over the last 10 years.

Gold Fields's dividend payout ratio of 49.4% indicates that its dividend yield is sustainable for the long-term.

Why are gold stocks up?

Gold stocks were up 2.28% in the last day, and up 4.33% over the last week. Pan American Silver was the among the top gainers in the gold industry, gaining 10.74% yesterday.

Pan American Silver shares are trading higher following better-than-expected Q1 earnings.

What are the most undervalued gold stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued gold stocks right now are:

1. Eldorado Gold (NYSE:EGO)


Eldorado Gold (NYSE:EGO) is the most undervalued gold stock based on WallStreetZen's Valuation Score. Eldorado Gold has a valuation score of 43, which is 32 points higher than the gold industry average of 11. It passed 3 out of 7 valuation due diligence checks.

Eldorado Gold's stock has gained 26.09% in the past year. It has overperformed other stocks in the gold industry by 36 percentage points.

2. Paramount Gold Nevada (NYSEMKT:PZG)


Paramount Gold Nevada (NYSEMKT:PZG) is the second most undervalued gold stock based on WallStreetZen's Valuation Score. Paramount Gold Nevada has a valuation score of 43, which is 32 points higher than the gold industry average of 11. It passed 3 out of 7 valuation due diligence checks.

Paramount Gold Nevada's stock has gained 31.43% in the past year. It has overperformed other stocks in the gold industry by 41 percentage points.

3. Gold Fields (NYSE:GFI)


Gold Fields (NYSE:GFI) is the third most undervalued gold stock based on WallStreetZen's Valuation Score. Gold Fields has a valuation score of 43, which is 32 points higher than the gold industry average of 11. It passed 3 out of 7 valuation due diligence checks.

Gold Fields's stock has dropped -1.14% in the past year. It has overperformed other stocks in the gold industry by 9 percentage points.

Are gold stocks a good buy now?

53.33% of gold stocks rated by analysts are a buy right now. On average, analysts expect gold stocks to rise by 13.52% over the next year.

What is the average p/e ratio of the gold industry?

The average P/E ratio of the gold industry is 9.05x.
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